IMS Health posts 8.1 percent revenue increase

By Kevin Zimmerman

No Comment

IMS Health Holdings Inc. reported second-quarter revenue of $802 million, an 8.1 percent increase compared with the second quarter of 2015.

For the first half of this year, revenue increased 14.7 percent over the same period last year.

Technology services revenue at the Danbury-based global information and technology services company grew 13.8 percent in the second quarter, while information services income was up 2.5 percent.

Second-quarter 2016 net income was $24 million compared to $47 million in last year’s second quarter, with the decline principally attributable to higher restructuring charges in 2016. Adjusted net income for the second quarter was $139 million, up 10.7 percent. Diluted earnings per share was $0.07 in the second quarter, compared with $0.14 per share in the second quarter of 2015.

The company is in the midst of completing a merger with Quintiles Transnational Holdings Inc., a provider of product development and integrated health care services including commercial and observational solutions. Upon completion of the merger, expected later this year, the combined company will be called Quintiles IMS Holdings Inc.

Print

About the author

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked (required)

VIDEOS